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Modec Increases Year-End Dividend Amid Strong Financial Performance

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Modec Increases Year-End Dividend Amid Strong Financial Performance

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Modec ( (JP:6269) ) has issued an announcement.

Modec, Inc. announced an increase in its year-end dividend for 2024, raising it from JPY 30 to JPY 50 per share due to favorable consolidated financial results. This decision reflects Modec’s strong financial performance and is set to be approved at the upcoming Annual General Meeting, suggesting a positive outlook for shareholders.

More about Modec

Modec, Inc. operates in the energy industry, primarily providing floating production, storage, and offloading (FPSO) vessels, production platforms, and other related services to oil and gas companies worldwide.

YTD Price Performance: -1.34%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.4B

For a thorough assessment of 6269 stock, go to TipRanks’ Stock Analysis page.

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